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501 Monterey Ln
San Clemente, CA 92672
Multifamily Property For Sale
·
5 Units
Property Facts
| No. Units | 5 | Building Size | 2,902 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1953 |
| Lot Size | 0.11 AC | Parking Ratio | 2.76/1,000 SF |
| Zoning | R4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.11 AC |
| Building Size | 2,902 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.76/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Cable Ready
- Ceiling Fans
- Tile Floors
- Deck
- Double Pane Windows
- Patio
Site Amenities
- Zen Garden
About 501 MONTEREY LN , SAN CLEMENTE, CA 92672
INVESTORS & BEACH LIFE LOVERS: CITY APPROVED SHORT TERM VACATION RENTAL AREA! TREMENDOUS POTENTIAL FOR INCREASED SHORT TERM RENTAL INCOME! THIS LIES WITHIN A VERY LIMITED AREA THAT IS CITY APPROVED FOR VACATION RENTALS, SEE ATTACHED ZONING MAP.CONDO CONVERSION POSSIBLE W/CITY APPROVAL. FIVE UNITS INCLUDE 1 STUDIO, 3 ONE BEDROOMS & ONE 2 BEDROOM. LIVE IN ONE & LEASE OTHERS! HARD TO FIND 2 CAR PARKING DRIVEWAY PROVIDED FOR EACH GARAGE! PRIME ONE OF A KIND LOCATION IN THE FAMOUS PIER BOWL AREA, STEPS TO WORLD CLASS BEACHES & SURFING, FAMOUS SC PIER, SHOPS, RESTAURANTS, FAMOUS BEACH TRAIL, FABULOUS DOWNTOWN SHOPPING & DINING. BEAUTIFUL OCEAN VIEWS FROM MOST UNITS, ONE OFFERS A REAR YARD, THREE UNITS PROVIDE OCEAN VIEW DECKS. PRIDE OF OWNERSHIP SHOWS! EXCELLENTLY MAINTAINED PROPERTY, UNITS ARE UPGRADED THRU-OUT, AMENITIES: SOME W/GRANITE COUNTERS*NEWER CERAMIC TILE FLOORING & INTERIOR PAINT*REMODELED BATHS*CEILING FANS THRU-OUT. 2 BEDROOM UNIT INCLUDES ADDITION FOR THE 2ND BEDROOM. UPPER LEVEL HAS PANORAMIC OCEAN VIEWS FROM LARGE COMMON AREA, GREAT OCEAN VIEWS FROM MOST UNITS. TWO 2 CAR ENCLOSED GARAGES ARE SHARED AS ONE CAR GARAGE PER UNIT, ONE GARAGE HAS COIN OPERATED LAUNDRY. BEAUTIFULLY MAINTAINED GROUNDS SURROUND PROPERTY, EACH UNIT OFFERS PRIVATE ENTRANCE. CURRENT RENTS ARE LOW, PRESENTLY ALL 5 UNITS FULLY LEASED MONTH-TO-MONTH. PAID FOR SOLAR IN PLACE FOR ENTIRE PROPERTY, THAT EQUALS APPROX $500 A YEAR TOTAL FOR ELECTRIC BILL, ALL UTILITIES ARE LOW! CALL NOW FOR MORE INFO!
Property Taxes
| Parcel Number | 692-033-13 | Improvements Assessment | $381,592 |
| Land Assessment | $2,187,293 | Total Assessment | $2,568,885 |
Property Taxes
